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  3. American Economic Review
  4. May 2013
  5. Glass-Steagall: A Requiem

Glass-Steagall: A Requiem

  • Robert E. Lucas Jr.
American Economic Review
vol. 103, no. 3, May 2013
(pp. 43-47)
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Abstract

This paper is a discussion of monetary efficiency, monetary safety, and the relation of the 1933 Glass-Steagall Act to both. It contains speculation about whether a modified version of the Act could have postponed or prevented the crisis of 2008.

Citation

Lucas, Robert E Jr. 2013. "Glass-Steagall: A Requiem." American Economic Review, 103 (3): 43-47. DOI: 10.1257/aer.103.3.43

Additional Materials

JEL Classification

  • E31 Price Level; Inflation; Deflation
  • E44 Financial Markets and the Macroeconomy
  • E52 Monetary Policy
  • E58 Central Banks and Their Policies
  • G21 Banks; Depository Institutions; Micro Finance Institutions; Mortgages
  • G28 Financial Institutions and Services: Government Policy and Regulation
  • N22 Economic History: Financial Markets and Institutions: U.S.; Canada: 1913-